Houston Wire & Cable (HWCC) Getting Somewhat Favorable News Coverage, Study Finds
News stories about Houston Wire & Cable (NASDAQ:HWCC) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Houston Wire & Cable earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.0198223224101 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
HWCC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Houston Wire & Cable from a “hold” rating to a “strong-buy” rating and set a $7.00 price objective for the company in a research report on Wednesday, November 15th. ValuEngine raised shares of Houston Wire & Cable from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $7.50.
Shares of Houston Wire & Cable (NASDAQ HWCC) opened at $6.65 on Wednesday. Houston Wire & Cable has a twelve month low of $4.70 and a twelve month high of $8.05. The company has a quick ratio of 2.39, a current ratio of 5.60 and a debt-to-equity ratio of 0.82.
In other Houston Wire & Cable news, Director Mark A. Ruelle acquired 12,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $74,400.00. Following the completion of the purchase, the director now directly owns 12,000 shares in the company, valued at $74,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is currently owned by insiders.
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About Houston Wire & Cable
Houston Wire & Cable Company is a holding company. The Company is engaged in provision of electrical and mechanical wire and cable, hardware and related services. It operates through sales of wire and cable, hardware and related services segment in the United States market. Its cable management program includes purchasing and storing inventory for product availability.
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